Why do companies need to search for practical means to harness renewable sources of energy like wind and water?
What will be an ideal response?
Ans: Prolonged exploitation of the conventional sources of energy like oil has led to an acute shortage of these resources, causing their prices to increase over time. Firms face substantial cost increase as these resources are depleted; hence they need to search for means to harness the infinite renewable resources.
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Which of the following refers to the directives issued solely by the president, without requiring congressional approval?
A) Affirmative action B) Amendments C) Union orders D) Executive orders E) Union directive
Answer the following statement(s) true (T) or false (F)
1. Gross margin is what is left after the cost of goods is subtracted from net sales. 2. Retail markup includes the cost of goods. 3. Precosting is an estimate of what it costs to produce one garment. 4. The production cost is finalized when the tech pack and cost sheet information is confirmed. 5. Production costing is the actual cost of a finished garment.